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Nimish
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Joined: 16 Dec 2006
Posts: 9757
Location: Bangalore, India
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 Posted: Wed Dec 26, 2012 6:49 pm Post subject: FDI in Indian aviation - updates? |
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So where are we with:
1. 9W-EY - almost done/ to be signed 3 weeks ago etc. No news since then?
2. IT-EY - birthday gift and all that - I guess this is certainly off
3. Anyone else with deep pockets? Talking to the others - GoAir/ Indigo/ SpiceJet?
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Nimish
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Joined: 16 Dec 2006
Posts: 9757
Location: Bangalore, India
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| Posted: Wed Jan 02, 2013 7:25 pm Post subject: |
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From: http://www.firstpost.com/business/jet-etihad-deal-decision-likely-this-week-576403.html
| Quote: | Jet-Etihad deal decision likely this week
New Delhi: Etihad Airways could make up its mind this week, after its board of directors takes a call on which Indian airline to pick for an equity investment.
The Abu Dhabi-based carrier has been talking to both, Jet Airways and Kingfisher Airlines, but top official sources once again indicated today that Jet could bag the deal.
They said all indications point to a deal being announced in the next 10 days and that Jet could offload 24% stake initially for anywhere between Rs 1,500-1,800 crore. These sources said that though Jet is a clear frontrunner, the Etihad management is yet to take a final call on which of the two Indian airlines it will invest in.
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They also pointed out that any deal with Jet would be a complex one, with the first step being a restructuring of Jet promoter Naresh Goyal’s shareholding in the company. At present, Goyal holds 80% in Jet Airways through Tail Winds, a company established in the Isle of Man. The first step would be this equity getting converted to Goyal’s personal holding and getting an approval from the Indian Government.
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Another red herring?
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